The RBI maintains its repo rate at 6.5% and continues the withdrawal of accommodation
The Reserve Bank of India kept the policy repo rate at 6.5%.
According to experts, the lowering of retail inflation in April, as well as the
possibility of an additional drop, demonstrates the positive impact of recent
policy rate measures. Das stated that the MPC, with a majority of five out of
six members, will continue to focus on withdrawing stimulus to ensure that
inflation gradually aligns with the objective while sustaining growth.
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